BREIT is available through select broker-dealers. Talk to your financial advisor today. Distributions are not guaranteed and may be sourced from non-income items. There is no assurance we will pay distributions in any particular amount, if at all. Any distributions we make will be at the discretion of our board of directors. We may fund any distributions from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, return of capital or offering proceeds including from sales of our common stock or Operating Partnership units to the Special Limited Partner, an affiliate of Blackstone , and we have no limits on the amounts we may pay from such sources.
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Ablin, chief investment officer at Harris Private Bank. Oleg Litvinenko, a research associate at Cabot Money Management, had predicted Blackstone would fetch top dollar. Plus, a lot of different kinds of investors want to put their money behind private equity, he said. Litvinenko said Fortress Investment Group represents the best comparison to Blackstone Group, and investors will probably value the New York-based partnership with Fortress in mind.
A co-author of a U. Senate bill that would raise taxes on private equity firms going public said Wednesday he was open to shortening a transition period that cushions any potential tax hit on Blackstone Group. Blackstone would be affected by the proposed tax code change, if it becomes law, but not for five years under the transition period written into the bill. The comments from the Montana Democrat, who chairs the Senate Finance Committee, came as a handful of lawmakers voiced wide-ranging concerns about his bill and the Blackstone IPO.
Richard Shelby, R-Ala. I believe we ought to look at the tax code, not for money, but to promote the economy.
Blackstone sets terms for 2007's largest U.S. IPO
The company helps clients manage their health and provides wealth solutions and human resources applications. Most investors should not find the IPO price very expensive. However, it is not cheap either and it does not represent a clear opportunity. The fact that the company expects to use money from the IPO to pay debt is not ideal. The fact that Alight reports large interest expenses to be paid means that the amount of money left for shareholders is not large. In addition, private equity Blackstone is expected to control the company, which may not please certain investors. Furthermore, the company may use the proceeds from the IPO to pay its debt, which is not ideal.